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Oct 2, 2012
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government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how sdw this get resolved? >> well, i haven't heard that sister, but that's what we've been picking up, that in the background of all these guys working on the deal already. soon after the election, our best guess is that there will be one. not too different from that story actually. >> qe-3 meanwhile, how does that play? does that continue to support lift asset prices? how do commodities get in the wash between slowing chinese growth and fed action? >> that's a good question. because i think it's a big one. i think we're
government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif deal to cut the deficit instead of a short term solution. lawmakers will reportedly agree on a specific target likely around $4 trillion over ten years and they would vote to put off the automatic tax hikes and spending cuts set to take effect in january. but with the deficit coming down payment to signal how serious they are. jim, how...
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Oct 8, 2012
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then france and the government would like to buy this stake. but if there is a limit of 10%, it won't be pobl. so in that case, france would be blocked. that's why the reason the government doesn't want to sign anything now which would jeopardize the future of its stake in eads. and that's the main problem from the french perspective. >> all right. what do you think, do you think we'll resolve it? stefane, if you were a betting man. >> it took years for french and german people to work together in eads and it was assigns very difficult. sorry for patricia, but it was very difficult to work together because of course there are national influences. if you want a couple to become a threesome, it will be difficult at least at the beginning. and i'm not sure that a couple of extended weeks we could have to reach a deal would be enough to make it work at least on the political side. >> do you think we'll pull off a threesome, i guess paris would be the place to do it. but we'll see what happens. unfortunately patricia's gone, so we've lost her. never
then france and the government would like to buy this stake. but if there is a limit of 10%, it won't be pobl. so in that case, france would be blocked. that's why the reason the government doesn't want to sign anything now which would jeopardize the future of its stake in eads. and that's the main problem from the french perspective. >> all right. what do you think, do you think we'll resolve it? stefane, if you were a betting man. >> it took years for french and german people to...
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Oct 5, 2012
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it reflects government general mismanagement of the economy. as we look as the government tries to respond, we see the faction alism and lack of attitude to be able to deal with international or domestic issues. >> if the sanctions begin to have some impact, what does that do on the political front? does it weaken the current establishment or does it in some ways sort of entrench it? >> a mixture of both to be honest. i think what we will see is political establishment, conservative faction try to push the blame for this on to ahmadinejad's government. and we've seen already that from various stapts. but what it does do is allow those that are heavily involved in the revolutionary guards to continue profiting from iran's isolation. what we're not seeing yet is the significance to change around the nuclear program which is ostensibly the aim of international sanctions. >> so who are the population blaming for higher inflation and access to -- are they blaming the government or are they blaming foreign countries? >> they know it that the governme
it reflects government general mismanagement of the economy. as we look as the government tries to respond, we see the faction alism and lack of attitude to be able to deal with international or domestic issues. >> if the sanctions begin to have some impact, what does that do on the political front? does it weaken the current establishment or does it in some ways sort of entrench it? >> a mixture of both to be honest. i think what we will see is political establishment, conservative...
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Oct 4, 2012
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the state oil giant accounts for a huge a government revenue. isn't it time to wean the government off too much dependence on foreign revenues? >> yes that's going to be our medium term strategy because over the dependence on oil as a finite resource is not good. we have to educate our people, as well, because petrol and ltg are very high will you sly subs this country. people scream when you try to raise the price of petrol, but people have to be realistic. in the long term, we cannot be over dependent on subsidies. and we have to diversify the economy. especially in terms of government revenue. and this is what we're going to do. we are creating more and more growth industries that will give us a strong financial base later on. >> the future of made laid i can't, the plan to transform it, let me ask you in order to chief that target, that goal, how important are these upcoming elections for you and how important is it that you receive a freshman date? >> i'd like to have a strong mandate because to achieve our vision of a fully developed natio
the state oil giant accounts for a huge a government revenue. isn't it time to wean the government off too much dependence on foreign revenues? >> yes that's going to be our medium term strategy because over the dependence on oil as a finite resource is not good. we have to educate our people, as well, because petrol and ltg are very high will you sly subs this country. people scream when you try to raise the price of petrol, but people have to be realistic. in the long term, we cannot be...